The food and beverage industry in Australia is the largest growing sector. Its annual turnover surpasses $173 Billion which is more than 32% of the overall Australian manufacturing turnover.
With such amazing stats, one might wonder are there any active startup investors who fund businesses related to food and beverage?
Yes! There are hundreds of startup investors in Australia who love funding startups in this sector.
To help you shortlist some investors to pitch to, we have prepared the following list of the top startup investors in Australia who invest in the food & beverage industry.
Top Startup Investors in Australia Who Focus on Food & Beverages Startups
So, before we get started, here's a little tip:
"Even when we have spent hours researching and finding the list of the most active startup investors, it is recommended to do some additional research before preparing a pitch deck"
These investors aren't ranked on their global investments, but on how actively they fund food and beverage companies in Australia. Firms with a dedicated agrifood mandate come ahead of generalist funds that write the occasional food check. And if you want to look beyond Australia, the AngelMatch database has nearly 12,689 food and beverage investors that you can filter by stage, investor type, and location.
Tenacious Ventures
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Contact: Fill a Form
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Website: tenacious.ventures
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Focused Sectors: Agrifood Tech, Food, Agriculture
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Present in: Australia
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Notable Investments: Goterra, SwarmFarm Robotics, Vow Food, and Jupiter Ionics
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Total Investments: 13
Founded in 2020, Tenacious Ventures is Australia's first and only venture capital firm that is dedicated entirely to agrifood tech. The network was founded by Matthew Pryor, who previously founded the agtech startup Observant, and Sarah Nolet, who founded the agrifood advisory firm AgThentic.
Tenacious closed its first fund at $35 Million AUD, oversubscribed, and set out to back up to 20 early-stage agrifood tech companies. The investors focus on the seed and Series A stages and commit 80% of the fund to startups that are domiciled in Australia at the time of investment. A second fund targeting $70 Million is in progress.
Unlike most of the firms on this list, agrifood isn't one sector among many for Tenacious. It's the whole thesis. If you've been pitching generalist funds and keep hearing that food is outside their remit, this is the firm that exists for that reason.
The investment range of Tenacious Ventures isn't disclosed on their
website.
Investible
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Contact: Fill a Form
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Website: investible.com
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Focused Sectors: Climate Tech, Smart Cities, Food & Agriculture, Transport, Clean Tech
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Present in: Australia, New Zealand, Southeast Asia (invests globally)
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Notable Investments: National Renewable Network, Invest Inya Farmer, and Renewable Metals
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Total Investments: 175+
Investible is an Australian venture capital firm that has expanded to America and across the Asia-Pacific region.
Founded in 2014, Investible has always been focused on innovative startups that are working on a new product. Recently, they have started funding food and beverage-related startups that work on providing the most delightful edibles.
The investors prioritize companies that are in the seed and early stages.
The investment range of Investible is around 2M AUD.
Grok Ventures
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Contact: contact us
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Website: grok.ventures
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Focused Sectors: Cleantech, Enterprise, Software, Fintech, Food & Beverages
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Present In: Australia, United States, Hong Kong
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Notable Investments: Goterra, Gridmo, Lydian, and Antora Energy
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Total Investments: 55+
Founded in 2008, Grok Ventures is a notable venture capital firm that invests in a wide range of startups. The network was founded by Mike Cannon-Brookes and Scott Farquhar.
Grok Ventures is a limited partner in Tenacious Ventures, Australia's specialist agrifood tech fund, and co-led the A$8 Million Series A for food waste startup Goterra alongside them. They want to invest in startups that can transform the mentioned industry.
The investment range of Grok Ventures can range up to several million AUD depending upon the startup sector and its market competition.
Artesian Venture Partners
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Contact: Fill a Form
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Website: artesianinvest.com
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Focused Sectors: Climate & Sustainability, Agrifood, Health, Artificial Intelligence & Robotics, Education, Gender Equality
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Present in: Global presence with a focus on Asia-Pacific (Australia, China, Southeast Asia)
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Notable Investments: Environsuite, Nano-Dsat
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Total Investments: 625
Artesian Venture Partners is a global venture capital firm that is focused on startup funding and funds management. Funding startups since 2004, the network has a portfolio of over 600 startups and likes to be involved in impact investing.
Artesian has a team of around 60 startup investors. They usually invest in startups that are addressing global challenges in a wide range of sectors. The main goal of Artesian is to fund innovative businesses.
Notably, Artesian Venture Partners have arranged numerous startup accelerators, networking events, and public mentorship programs to boost the entrepreneurial landscape.
The investment range of Artesian Venture Partners can go up to several
million dollars.
Blackbird Ventures
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Website:blackbird.vc
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Focused Sectors: Tech, Food, and Healthcare
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Present in: Australia, United States, New Zealand
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Notable Investments: Tracksuit and Sumday
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Total Investments: 100+
Operating since 2012, Blackbird Ventures is one of the leading VC firms in Australia.
Just like any other VC firm, Blackbird Ventures prefers funding startups
that are based on unique ideas. They are particularly interested in
businesses that are at the seed/late stages.
The investment range
of Blackbird Ventures can range up to several million AUD depending upon the
business.
Tidal Ventures
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Contact: Fill a Form
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Website:tidalvc.com
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Focused Sectors: B2B and B2B2C, sector-agnostic
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Present in: Australia and the United States
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Notable Investments: Asseti, Flagship, and Orkestra
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Total Investments: 40
Founded in 2016 (previously named AddVenture Fund), Tidal Ventures has been investing in Australian and American startups in a wide range of sectors. They focus on early-stage companies that are working on unique ideas and are being led by experienced founders.
The investors at Tidal Ventures prefer businesses with an MVP (Minimum Viable Product), a sales pipeline, and a proven growth model. The investment range of Tidal Ventures is 500,000 AUD.
EVP
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Contact: Fill out a Form
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Website: evp.com.au
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Focused Sectors: Software, SaaS, Information Technology, Food
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Present in: Australia, New Zealand, Canada
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Notable Investments: SiteMinder, Deputy, Ignition, and Shippit
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Total Investments: 90+
EVP is a venture capital firm that is managing around $300M in Australia. The network has been operating for many years and has a strong focus on funding early-stage startups.
During the investment stage, the investors focus on startups that are in the B2B sector. They also take a strong interest in companies that are based on ambition, pragmatism, and having in-depth knowledge of their relative industry.
The investment range of EVP is around $5M AUD.
Skalata Ventures
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Contact: fill out a form
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Website: skalata.vc
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Focused Sectors: Sector agnostic, early-stage technology ventures
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Present in: Australia
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Notable Investments: Brio and Halter
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Total Investments: 56
Founded in 2018, Skalata Ventures is an Australian venture capital firm with headquarters in Melbourne.
Skalata Ventures prioritizes startups that have a potential for huge growth and long-term sustainability. The investors value businesses that are introducing unique food startup ideas and working on providing agrifood solutions.
The investment range of Skalata Ventures depends on the startup sector and its relative market.
AfterWork Ventures
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Contact: Fill a Form
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Website: afterwork.vc
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Focused Sectors: Technology, food, software, consumer products
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Present in: Australia
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Notable Investments: Lyka, Samphire, Indemn
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Total Investments: 40+
Headquartered in Sydney, AfterWork Ventures is an early-stage venture capital firm with a strong focus on food companies.
The network was founded in 2019 and has made multiple investments in pre-seed and early-stage startups. The team of investors prioritize companies that have revenue ambition exceeding $100 million. They also prefer startups that are led by experienced founders and have qualified teams to scale the idea globally.
The investment range of AfterWork Ventures is around 1M AUD.
Maropost Ventures
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Website: maropost.ventures
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Focused Sectors: Machine Learning, Artificial Intelligence, Information Technology, Food and Beverages
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Present in: United States, Australia, Sweden
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Notable Investments: Detected, Exeger, and Lyre's Spirit Co
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Total Investments: 20+
Maropost Ventures is a relatively young venture capital firm that invests in early-stage businesses. The network was founded in 2020 and extends as a VC arm of a Canadian company that offers e-commerce solutions.
Similarly, the investors prefer startups that can align with the e-commerce platform of Maropost. They are also investing in the food sector of Australia.
The average check size from Maropost Ventures is around 500,000 AUD.
Melbourne Angels
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Website: melbourneangels.com
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Focused Sectors: Biotechnology, Information Technology, Manufacturing
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Present in: Australia, United States, New Zealand
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Notable Investments: Apop Imaging and Alkira Software
Investing since 2007, Melbourne Angels is also an experienced investment network that focuses on early and seed-stage businesses. When investing in startups, Melbourne Angels look for high-growth businesses that are led by startup leaders who are well-experienced.
And since Melbourne Angels is a group of angel investors, they invest differently than a VC firm, either through investor meetings or startup accelerators. In most cases, an individual investor might like a startup idea and discuss it with fellow investors of Melbourne Angels.
Startup leaders can reach out to them through their website or meet individual angel investors in Melbourne from this group. The average check size from Melbourne Angels is around $1M AUD.
Wrap-Up
Done with the list of top startup investors in Australia backing food and beverage startups? Let us share some final words of wisdom before we wrap up.
Angel Investors always focus on startups that can be profitable businesses. And if you're thinking about how to achieve that, read some guides on preparing a strong pitch deck, delivering a strong presentation, and getting a warm introduction to angel investors.
Good Luck securing an investment for your food business!
Frequently Asked Questions
What is the difference between Venture Capital Firms and Individual Angel Investors?
Venture capital firms are organized setups that aggregate capital from various investors and deploy it into startups at a larger scale, offering expertise and guidance.
In contrast, individual angel investors are private individuals who invest personal funds directly into startups, typically at an early stage, using a more personalized approach and hands-on involvement in the startup's growth. We've covered the difference between VC firms and angels in more detail.
Do Angel Investors Provide Mentorship Programs?
Yes, many angel investors provide mentorship programs and financial support. They leverage their experience to offer strategic insights, assist in critical decision-making, and facilitate introductions to their network connections. This mentorship is pivotal for startups, aiding them in overcoming obstacles and expediting their growth trajectory.
How to make your startup investable?
To make a startup investible, focus on a scalable business model, a strong team, a well-defined market opportunity, and evidence of market validation.





